#WCPSS Board Pension for Supt Runs Afoul of State Law; May Cost Taxpayers over $350k

The Wake County School Board is yet again putting the county’s taxpayers over a barrel.

This time the board is facing a self-created problem due to lack of planning:
Former Superintendent Jim Merrill’s excessive pension of $180,036 per year.

But wait, the Wake school board’s latest screw up may end up costing taxpayers a LOT more than that. What a clown show.

Read the opening paragraphs of this debacle at the News and Observer; emphasis added:

Former Wake County Schools Superintendent Jim Merrill’s retirement could cost county taxpayers an additional $350,000 as the school system fights the state over whether the pension was spiked.

Merrill, 67, retired as superintendent on March 1 and is now receiving a state pension of $180,036 a year, according to state records. The State Treasurer’s Office billed the Wake school system $351,992 to cover part of Merrill’s pension, saying it runs afoul of a state cap on how much it will pay in pensions for high-paid employees.

So, the Wake school board approved something they couldn’t afford or pay for? That’s what this says. UNPOSSIBLE!

Thank you for stopping by Grumpy Opinions and while you are here, please SUBSCRIBE to our Grumpy Opinionsnewsletter to receive our emails. You can also subscribe to Grumpy Opinions’ in our right sidebar or if you have a WordPress.com account, in our WordPress.com READER in the admin panel on the top left.Social media accounts: